Business | Markets
UAE's 3-month interbank rate falls as government pumps in funds
The UAE's 3-month interbank interest rate fell to 4.67188 per cent on Tuesday from 4.70938 per cent a day earlier, after the government announced Dh70 billion liquidity.
- Agencies
- Published: 11:28 October 14, 2008
Dubai: The UAE's 3-month interbank interest rate fell to 4.67188 per cent on Tuesday from 4.70938 per cent a day earlier, after the government announced Dh70 billion liquidity.
The 3-month interbank rate also fell on Monday after the government promised to protect bank deposits and pump in liquidity.
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
